Selbyville, DE -- (SBWIRE) -- 02/01/2019 -- MarketStudyReport.com offers 2018 report on Global Coronary Stents market that evaluates industry growth trends through historical data and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2018-2024.

As the demand for coronary stents for heart surgeries depicts an upsurge, healthcare firms are increasingly focusing on developing affordable products. Moreover, favorable regulatory framework and extensive support by regional governments to increase the availability of high-grade medical facilities at reasonable costs is also benefiting the remuneration scale of the overall coronary stents industry.

Increasing geriatric population across the globe will drive coronary stent business growth in the future. According to World Health Organization (WHO), by 2050, more than 2.1 billion people will fall in the age group of 60 years and above. With increasing geriatric population, incidence rate of coronary artery disease will increase, thereby escalating demand for coronary stents and fostering market growth.

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One of the prominent factors that has positively influenced the market share of coronary stents industry is the launch of technologically-advanced drug eluting stents in the recent past. The growing demand for coronary stents has urged medical devices and equipment manufacturers to focus on developing affordable and sustainable products to garner a competitive edge over rivals.

A notable testimony of the growing competition is the unveiling of the Resolute Onyx 2.0 mm Drug-Eluting Stent, in the early 2018, by the Ireland-based coronary stents industry leader Medtronic. The FDA-approved drug eluting stent is specifically designed for small vessels which are often untreatable with bigger stents during the percutaneous coronary intervention (PCI) procedures. Moreover, the Resolute Onyx 2.0 mm Drug-Eluting Stent is remarkably the smallest sized stent currently available on the market.

U.S. coronary stent market accounted for USD 2,331.8 million in 2017, owing to increasing incidence of chronic diseases such as cardiovascular and neurovascular disorders. Increasing prevalence of chronic disease will increase adoption of advanced coronary stents for treatment of coronary artery disease. Favorable healthcare regulations and reimbursement policies coupled with adoption of technologically advanced coronary stents will promote business growth in the future.

China coronary stent market will witness robust growth at 9.2% during the projected timeframe. High growth rate is credited to high prevalence of cardiovascular disorders. According to China Cardiovascular Diseases (CVD) report, in 2015, more than 290 million people in China suffered from cardiac disorders including coronary artery disease. This will lead to high adoption rate of coronary stents, thereby favoring business growth throughout the forecast timeline.

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Prominent industries involved in Coronary Stent market are B. Braun Melsungen AG, Abbott, Biosensors International Group, Boston Scientific Corporation, Biotronik SE & Co. KG, Medtronic plc, Meril Life Sciences, MicroPort Scientific Corporation, Terumo Corporation, and Elixir Medical Corporation. These prominent business players are focusing on strategic mergers, acquisitions and new product launch to strengthen market position. For instance, in June 2018, MicroPort Scientific Corporation announced that its product Firehawk (a rapamycin target eluting coronary stent system) gained approval form Hong Kong Hospital Authority. This approval will enable firm to expand its geographical outreach for long-term growth in future, thereby strengthening its market presence.
Complete report for 2018-2024 on Coronary Stents market is now available at https://www.marketstudyreport.com/reports/coronary-stents-market

Related Report:

Global Coronary Stents Market 2018 by Manufacturers, Regions, Type and Application, Forecast to 2024

Global Coronary Stents Market research report is added by Market Study report by covering all major market aspects. The report also touches the key scenarios like top players, competition, types, applications, regions, recent developments and future market predictions.

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